upr000036 21

SENATE BILL No. 90 INTRODUCED BY SENATOR BAKER March 4,1947 Referred to Joint Committees On Judiciary, and Banks and Banking. AN ACT Authorizing cities, towns, and unincorporated towns governed by. boards of county commissioners to construct, acquire, extend, or improve revenue producing public utilities and to issue revenue bonds and revenue refunding bonds -payable.' solely from the: income derived from such utilities, providing for the payment and Security of such bonds, fixing other details pertaining to the ; authorization, issuance tEfid payment o’f. such bonds, and provid- : ing the manner in which the legality of such bonds may be con­gested. Tfre People of the'State of Nevada,represented in Senate and Assembly, do enact as follows: . 1 Section 1. '• Any city or town in the State of Nevada, 0 ? Including cities having special charters and including unin- 1 corporated towns governed by boards of county coinmission- 4 *ers, said cities, towns, and unincorporated towns being here- 5 inafter referred to as municipal corporations, is hereby ' 6 authorized" to construct, acquire, extend, or improve any 7 revenue-producing, public utility, either within or without 8 its boundaries, and to obtain funds for such purpose-is 9 authorized to issue revenue bonds.- Any project or under- 10 taking which may be owned and operated by such municipal 11 corporation without violating the constitution of Nevada or